Starting a New Business

If you are thinking of starting your own business why not contact us to discuss your plans. The earlier you start working with an experienced accountant the more likely you are to avoid the mistakes and problems common to new businesses.

For a free initial meeting to discuss how we can help you contact us online or call us on T: 023 9248 4356T: 023 9248 4356

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Services for new businesses

Starting a business can be exciting but it’s vital to get the right advice to ensure you can manage the legal, regulatory and financial challenges from the beginning.

We can provide start-up advice and guidance on:

  • Your business plan based on realistic information – Many startups fail because assumptions have been over- optimistic.  We can help balance your expectations with our experience of helping new businesses and knowledge of current market conditions.
  • Forecasting is an essential part of creating your plan - You will need to be aware of the various costs involved in setting up and growing your business and the best time to buy equipment etc.  This is where it helps to have someone on side to give practical advice in this area.
  • Structuring your new business – Should you run your business as a sole trader, partnership or through a limited company? There are pros and cons to each depending on your situation.  We can explain the differences so you make the right choice. Please see our factsheet on business structures.
  • Company registration if you decide to set up as a limited company,  From registering your new business and director(s) details with Companies House to providing a registered office address facility from our Havant office if required, our company secretarial service will ensure you meet your legal obligations. 
  • Raising finance – There are many sources of finance available to new businesses in the form of government grants, start up loans, equity finance, enterprise investment to name a few. Through our connections with banks and third parties we can explore these with you.
  • Taxation – From registering your self employed status with HMRC to helping you prepare your first tax return and paying National Insurance, we will advise on the best systems to keep your financial records together and what expenses you can claim.
  • Software set up and training - You might manage at the start with a basic spreadsheet but as your business grows and time becomes precious a cloud-based accounting system delivers many benefits. We offer two popular packages, Xero and QuickbooksOnline, and provide set up, training and support.
  • Buying a new business – If you are looking to buy rather than start from scratch, we can perform due diligence to make sure the asking price is fair and the financial records are sound.  We can also recommend solicitors who specialise in this area.
For some low risk ways to start a business take a look at our advice guide.

And if you are thinking of working from home, this factsheet offers advice on the tax implications.

Our services for new businesses are designed to give you the best possible start.  If you have a business idea and would like to talk to someone to see how it could work, why not give us a call on 023 9248 4356 or email using the enquiry form opposite.

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What our clients say...

We instructed Morris Crocker to formulate our company structure in 2011 and have provided regular financial and business advice ever since. Their service is personal, fast and very helpful and I have no hesitation in recommending them to other clients.

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